The Competition Commission of India has ‘formed a prima facie opinion that the combination is likely to have an appreciable adverse effect on competition’ and announced that it will be inviting public comments on the planned LafargeHolcim merger.
According to local press, the Nepal Investment Board, which is led by Prime Minister Sushil Koirala, has approved a proposal by India’s Reliance Group to build a cement plant in the south of the country.